Question

Any firm that becomes part of an industry that is generally profitable and creates value will also be profitable and create value simply by being part of the industry. True False

Answer 1

Any firm that becomes part of an industry that is generally profitable and creates value will also be profitable and create value simply by being part of the industry.

True

Step-by-step explanation:

This could only be true if such firm follows the golden rule of economics by not just making profits but also exude the core value of what the firm entails and also provides means of out-competing others in the industry through price, content packaging, re-branding, among others